M/S X FIRM REG.UNDER GST ACT. TOTAL SALES TUR.5.00 LKS. THIS FIRM COLLECTED FOR GST ? OR COMPUNEDING TAX COLL? HOW FILING METOD?
T.T.VIJAYAPRAKASH (properter) (253 Points)
21 July 2017M/S X FIRM REG.UNDER GST ACT. TOTAL SALES TUR.5.00 LKS. THIS FIRM COLLECTED FOR GST ? OR COMPUNEDING TAX COLL? HOW FILING METOD?
CA Sathish Reddy
(Articles)
(352 Points)
Replied 21 July 2017
It is voluntatory decision whether to take gst registration or not if TO below 5L
If u registered under gst even though ur TO below 5L, u have to collect taxes and deposit with the government.
U have to file 3 returns every month
For more Info go through the below link
https://www.zeebiz.com/india/news-should-you-voluntarily-register-for-gst-16036
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